Author Kevin Phillips on the financial crisis

04/09/09 Robert Lorei
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Good afternoon,

Welcome to Radioactivity. I’m Rob Lorei. Coming up the Wall Street bailout and the future of the U.S. economy. Author Kevin Phillips will join us in a few minutes to talk about his book, *Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism. But first, some listener comments about yesterday’s interview with Fox News Commentator and National Review publisher Rich Lowry.

Author Kevin Phillips was once an aide in the Nixon White House where he correctly forecast the rise of the Republican Party in the South; white Southern voters left the Democratic Party in the 1960s and 70s, turned off by civil rights. In recent years Phillips has targeted some of the excesses of the Republican Party, religious conservatives, and what he calls the financialization of America.

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